AskGuru Q&A Community

Hi Mr. Benson,

Since you are holding on to private property, you have to wait out a 30 month period after selling the condo, before you can apply direct from HDB (BTO).

If you are purchasing a HDB Resale, you need to sell away your condo within 6 months after key collection to resale HDB, hence this option seems more feasible for you.

As it is likely into your 4th year holding period for your private property, 4% Seller Stamp Duties of purchase price still apply.

I would be glad to illustrate the financial planning further so as to value-add to your housing plans. Thanks and hope to understand your requirements further.

Warm regards
Ivan ERA
 97432395 
Ivanng10@gmail.com
Website: http://www.ivanng10.com/#!reviews/c11r1
(Client's Testimonials) Read More

Hi Benson, for your case, it would be quite a long wait of 30 months to apply for BTO as you are an owner of a private property. The most ideal option is to sell away your private unit and then look at purchasing a resale HDB instead.

Regards
Aaron
 97308455 
aaronchong2774@yahoo.com.sg Read More

Evening Benson,

You will be required to sell away your private property, wait for 30 months before you are eligible to purchase BTO unit from HDB. Alternatively, you can proceed with purchase of resale HDB unit, using the fundings from the sales of your private property.

Do for contact me further if you require additional assistance.

Regards
Mike Lim
 96929209 
m52i@yahoo.com
Marketing Director
ERA Read More

Good evening Benson,

Don't need to mention. It's good to clear your doubts and have clarifications. That's why people like me are needed in this industry.

Btw if you are really keen to apply a BTO, you need to dispose off your private property first and observe a 30 months waiting period. The long waiting time plus the construction period don't make this option attractive.

Alternatively you might want to consider to purchase a resale HDB. You are able to select your desired home based on floor level, facing etc and currently pricing for resale HDB has been very attractive.

Do take note that you have to dispose off your private property within 6 months after completion date.

Hope my explanation helps!

If you need any assistance or advice in your property purchase, feel free to contact me. Cheers!

Warmest Regards,
YT TAN 陈永达 | ACCA Graduate, RES
Vice President (Agency)
R043025D
Property Avenue Pte Ltd
Estate Agent no. L3010650D
Blk 420 North Bridge Road #03-30 North Bridge Centre S188727

(M): +65 9111 5171 
(E): yt.lovelyhomes@gmail.com
(W):www.yttan.com
(W):www.propertyavenue.com.sg Read More